Originally Posted by anonymouse
Or maybe it's an indictment of other countries where regulations don't do enough to protect workers and the environment. Or maybe it's an indictment of governments in other countries being willing to spend money to promote industries at our expense -- i.e., state sponsored capitalism vs. (quasi) lassez-faire
"lassez-faire"... isn't that a carnival for collie dogs?
I do agree with the quasi-- although that too, is evolving.
I will not be surprised when
the Feds attempt to dictate (regulate/tax) the factory conditions in foreign countries that manufacture goods for USA companies.
The whole issue of foreign manufacturing, working conditions, environment... is not easy to resolve.
Many countries are trying to leap into the 21st century from very primitive conditions. It may be worth it (to them) to set aside regulations, working conditions, environment concerns to attain their broader goals.
I'm reminded of the scene from Slumdog Millionaire where the young boy is trapped in the outhouse... he was willing to "take a swim" to attain his broader goals.
I've read that many of the "terrible working conditions" are far superior than those of the average citizen of some countries.
Are these countries any more wrong than the US has been in the past to attain its goals?
Don't they deserve their chance at the brass ring?
Our advanced society pays convicted felon school teachers "not to teach" because they have tenure. Several states are on the verge of bankruptcy because of things like generous pensions that that allow works with 10-20 years employment to retire at full salary...
The average government employee makes twice as much a one in industry-- and has better benefits and retirement. It's not surprising that most of the job growth of the past few years has been in government,
Is that capitalism-- or even neo-capitalism?
Or the foreclosure auction by the bank that shows the property valued at $220,000 with an opening bid of $475,000. Somethings are very wrong here!
So, which is worse as to the way governments treat their citizens:
a state sponsored capitalism that doesn't make any promises
a (quasi) lassez-faire
capitalism that can't keep or sustain its promises?
... tough to answer!